ePlus reported second quarter earnings of fiscal year 2014 for its financing segment of $1.0 million were down from $2.0 million or about 50% as total revenue dropped from $8.3 million to $8.0 million for the most recent quarter.

The company said the decrease in revenues was primarily the result of lower remarketing income, partially offset by higher net gains on sales of financial assets of $1.2 million during the three months ended September 30, 2013, as compared to $0.5 million last year.

As of September 30, 2013, the company had $140.5 million of investments in notes and leases, compared to $130.5 million at September 30, 2012, an increase of $10.0 million, or 7.7%.

To read the ePlus news release: click here.